Bringing you live news and features since 2006 

Announcement

QNB Suisse appoints SSGS for UCITS-compliant umbrella fund

RELATED TOPICS​

QNB Suisse, a subsidiary of Qatar National Bank, has selected Societe Generale Securities Services (SGSS) in Ireland to help establish and support QNB Global Funds ICAV, its European UCITS-compliant umbrella fund.

 
The ICAV, an Irish collective asset-management vehicle, currently offers two, fully segregated sub-funds – QNB ZyFin India Consumption UCITS ETF and QNB MENA Fund.
 
Europe’s first physically replicated Indian consumption ETF, QNB ZyFin India Consumption UCITS ETF tracks the performance of the ZyFin India Consumption Index which comprises equities of companies that are likely to benefit, either directly or indirectly, from the expansion of consumption led demand in India. Developed by ZyFin Research Private Limited, the index is a thematic index aligned with Indian consumer spending trends and comprises 30 investible Indian listed stocks selected from consumer driven sectors.
 
The QNB MENA Fund aims to provide long term capital appreciation through investments in equity securities on recognised markets located in the Middle East and North of Africa (MENA). The sub-fund seeks to outperform the benchmark index, which tracks the performance of large and mid-cap stocks from 11 pan Arab equity markets, by investing primarily in equity securities listed on recognised markets in MENA, including Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates.
 
As UCITS-compliant sub-funds, both QNB ZyFin India Consumption UCITS ETF and QNB MENA Fund, can be sold within the European Union and other select markets on a passport basis. SGSS in Ireland will provide a complete fund services offering to support the distribution of the sub-funds to investors throughout Europe. Services include fund administration, transfer agency and depositary and custody services. 

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by